Pictures of Young Michael Jackson, Margaret Trudeau, Andy Warhol, and More During the Last Days of Disco at Studio 54

On the timeline of New York nightlife, the heyday of Studio 54 barely registers as a blip. Just three years separate the club’s celeb-mobbed 1977 opening and the raucous “going-away party” that proprietors Ian Schrager and the late Steve Rubell hosted before being carted off to jail for tax evasion. But in the four decades since that famous coke-snorting crescent moon first rose over the dance floor, no other nightclub has made quite as indelible an ­impression on the city’s social scene. From 10 p.m. until sunrise, A-list movie stars mingled with drag queens on roller skates, Park Avenue swans had (pre-AIDS-crisis) bathroom sex with downtown artists, and some of the 20th-century’s greatest literary lights watched it all from the infamous banquettes. Now, thanks to a new book, those who never made it past the velvet ropes—or are too young to have even tried—have a window into that wild-and-crazy magic. Studio 54 (Rizzoli), edited by Schrager, now impresario of a slew of hotels including the new Public Hotel, is equal parts oral history, personal scrapbook, and photo album, bringing together the reminiscences of regulars with star-studded snapshots and reams of gossip columns. Schrager, it seems, saved everything.